Ruling on taking usurious interest to spend it in the causes of righteousness
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Question:
Some people deposit their money in banks outside the Kingdom, and since these banks pay interest in all cases, some people think that taking this interest and giving it in charity to poor Islamic countries, such as building mosques, building hospitals, and giving charity, is better than leaving it with these banks which give it to non-Islamic countries. What is the ruling on this?
Answer:
As for agreeing to that, it is not permissible. Agreeing to usury is not permissible. Even if he says, "Give the increase in charity," agreeing to usury is not permissible, and dealing in usury is not permissible. But if a person did that due to the weakness of his faith, and then Allah guided him, he should give in charity what he received before he took possession of it, or give it in the causes of righteousness and good deeds. He should give it to the poor in Africa and elsewhere, or to the mujahideen, or otherwise; because it is money that belongs to no one, so it is spent in what benefits the Muslims.
As for dealing with them and intending this intention, it is not permissible. It is not permissible to deal in usury and say, "I will give it in charity," or "I will do such and such." Just as it is not permissible to cheat or betray and say, "I will give the increase in charity," all of this is not permissible. He must seek what is prescribed by the Shari'ah, adhere to the Shari'ah, and not transgress the limits of the Shari'ah. But if a person had one or two million enter his possession through usury, he was lenient in that, and greed overcame him, and then Allah guided him, he should give in charity what entered his possession through usury. He should give it to the people of jihad, or the needy Africans, or others in need, or use it to pay off the debts of debtors and the weak among the poor, or use it to repair restrooms for those in need, or similar causes of righteousness.
Some people deposit their money in banks outside the Kingdom, and since these banks pay interest in all cases, some people think that taking this interest and giving it in charity to poor Islamic countries, such as building mosques, building hospitals, and giving charity, is better than leaving it with these banks which give it to non-Islamic countries. What is the ruling on this?
Answer:
As for agreeing to that, it is not permissible. Agreeing to usury is not permissible. Even if he says, "Give the increase in charity," agreeing to usury is not permissible, and dealing in usury is not permissible. But if a person did that due to the weakness of his faith, and then Allah guided him, he should give in charity what he received before he took possession of it, or give it in the causes of righteousness and good deeds. He should give it to the poor in Africa and elsewhere, or to the mujahideen, or otherwise; because it is money that belongs to no one, so it is spent in what benefits the Muslims.
As for dealing with them and intending this intention, it is not permissible. It is not permissible to deal in usury and say, "I will give it in charity," or "I will do such and such." Just as it is not permissible to cheat or betray and say, "I will give the increase in charity," all of this is not permissible. He must seek what is prescribed by the Shari'ah, adhere to the Shari'ah, and not transgress the limits of the Shari'ah. But if a person had one or two million enter his possession through usury, he was lenient in that, and greed overcame him, and then Allah guided him, he should give in charity what entered his possession through usury. He should give it to the people of jihad, or the needy Africans, or others in need, or use it to pay off the debts of debtors and the weak among the poor, or use it to repair restrooms for those in need, or similar causes of righteousness.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.
